Kelachandra Coffee Names Dr JS Nagaraja As Head Of R&D
Kelachandra Coffee appoints Dr J.S. Nagaraja as Head of R&D to strengthen sustainability, soil science, specialty coffee development and climate-resilient cultivation
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Indian Economy Growth Projected To Dip In Q1FY24 Despite Strong Q3
- by BW Retail World Bureau
- April 13, 2024
Indian economy showed a strong performance in the previous quarter with a growth of 8.4 per cent. However, while citing government sources, Tracxn in its latest report has said that this number is expected to decline to 5.9 per cent in Q1FY2024. According to the International Monetary Fund (IMF) report, India is expected to become […]
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Consumer Houseware Startup Basil Raises Rs 3.6 Cr In Seed Funding
- by BW Retail World Bureau
- February 20, 2024
Basil, a consumer houseware business, said on Monday that it has secured Rs 3.6 crore in initial investment from IIMA Ventures (previously IIMA-CIIE) and Appreciate Capital. Angel investors in the round included Mohit Sadaani, Co-Founder of The Moms Co., Aprameya Radhakrishna, Co-Founder of Koo, Abhishek Goyal, Co-Founder of Tracxn, Malini Adapureddy, Founder of Deconstruct, and […]
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Interim Budget 2024: Retailers Hope For Tax Deduction To Boost Growth
- by Amisha Sharma
- January 24, 2024
Retailers gear up for Budget 2024, seeking tax cuts, green push and digital boost. With the expected growth rate in mind, retailers are looking forward to specific measures in the Interim Budget 2024. They are expecting government support in terms of taxes and incentives to boost the sector’s growth. “Reducing gross and services tax (GST) […]
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Tata Consumer Products Seeks To Acquire Organic India
- by BW Retail World Bureau
- January 13, 2024
In a strategic move aimed at strengthening its position in the health and wellness sector, Tata Consumer Products is on the verge of acquiring Organic India, a prominent organic tea and Ayurvedic health products firm, according to media reports. Industry insiders suggest that an official announcement regarding the proposed acquisition, which is anticipated to be […]
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States
Relux Electric Invests Rs 330 Cr In Tamil Nadu For EV Charging Infrastructure
- by BW Retail World Bureau
- January 9, 2024
The Chennai-based Relux Electric, a fast-growing EV charging infrastructure provider in south India, is all set to invest Rs 330 crore towards developing ultra-fast charging hubs in Tamil Nadu in the next five years. The company has signed an MoU with the Government of Tamil Nadu in this regard at the Global Investors Meet 2024. […]
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Centre Sanctions Only Rs 43.30 Cr In Last 3 Years To MSMEs Under Innovative Scheme
- by BW Retail World Bureau
- December 15, 2023
Under the incubation component of the micro, small and medium enterprise (MSME) innovative scheme, the Centre has approved 533 ideas for nurturing and development with an amount of only Rs 43.30 crore during the last three years. Minister of State for MSME, Bhanu Pratap Singh Verma in a written reply to the Lok Sabha said […]
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Lenovo Launches Computers With Motherboards Made In India
- by BW Retail World Bureau
- November 25, 2023
Tech major Lenovo on Friday said that it is launching Preferential Market Access (PMA) compliant PCs with its ‘made in India’ motherboard, underscoring its commitment to strengthen and expand its manufacturing footprint in the country. The company said the move has qualified it for the Class 1 PMA bracket with over 50 per cent of […]
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Govt Approves 18 R&D Projects Worth Rs 46.74 Cr For Technical Textiles
- by BW Retail World Bureau
- September 30, 2023
Ministry of Textiles approved a total of 18 Research and Development projects worth Rs 46.74 crore across different areas of technical textiles, an official statement said on Thursday. Addressing the 7th Meeting of the Mission Steering Group (MSG) of the National Technical Textiles Mission in New Delhi, Union Textiles Minister Piyush Goyal said, “Industry and […]
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Health
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Dr. Reddy’s EBITDA Increases 119.1% YoY, PAT Up 18.2% YoY
- by BW Retail World Bureau
- July 28, 2023
Dr Reddy’s Laboratories on Wednesday announced its consolidated financial results for the quarter ended June 30, 2023. The company reported revenue growth of 29.1 per cent YoY and 7.0 per cent QoQ to Rs. 6,758 crores and above market expectations of Rs. 6,343 crores. The pharma major’s Profit after Tax stood at Rs. 1,405 crores, […]